City to witness property carnival

VADODARA: Vadodara chapter of the Confederation of Real Estate Developers Associations of India (CREDAI) will hold a three day property carnival in the city from Friday. The event will see participation from over 80 realtors.

With the sentiment in the market are not very encouraging for the realty sector, CREDAI, Vadodara is promoting the carnival as an opportunity that may not come again for buyers. President of the chapter Chetan Shah was optimistic about the market conditions in the future.

Shah said that developments like the Delhi-Mumbai Industrial Corridor, Dedicated Freight Corridor and the Statue for Unity at Sardar Sarovar close to the city will bring focus on Vadodara. "These along with industrial developments around the city will fuel the demand for tourism, residences, hotels, restaurant and other properties," he said. The carnival will have entertainment options and a food court as well.

Latest Realty News

GUJARAT: The Gujarat revenue department has issued orders to all district collectors, DDOs (district development officers) and all concerned district and state authorities to put on hold all processes for land acquisition till the Centre and the state government notify new rules and regulations under the newly enacted, ‘Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation And Resettlement Act-2013'. Land acquisition for Narmada canals and others, roads, public utilitie

AHMEDABAD: Since the last few years, Ahmedabad’s real estate market is growing at a very fast pace and new areas are being developed due to presence of good infrastructure projects and adequate basic facilities. Further, due to factors like urbanisation, Tier-II cities like Ahmedabad, have become major realty destination. The city is seeing numerous upcoming integrated township projects across the city and suburban areas. No wonder that these new projects have caught the fancy of the investors l

AHMEDABAD: The municipal budget for 2014-15 will just cross the Rs 6,000-crore mark this year, said some senior AMC officials. With no new JNNURM project approvals and the nearly empty coffers of the once cash rich AMC, the civic body would be forced to tighten its purse strings this year.

AHMEDABAD:Outstanding investments attracted by the real estate sector in Chief Minister Narendra Modi-ruled Gujarat have plummeted by 20 per cent from over Rs 2.37 lakh crore in September 2012 to about Rs 1.90 lakh crore in September 2013, states the latest report from ASSOCHAM.

AHMEDABAD: Circulars recently shot off by the Ahmedabad Municipal Corporation (AMC) to developers asking them to pay “betterment charges” and even demanding land cuts have stirred a hornet’s nest. Ambitious residential and commercial real estatereal estate projects that were announced within the 200-metre buffer zone along the BRTS corridor-to ensure transit-oriented development – and for which FSI of up to four was proposed, have now come to a standstil

AHMEDABAD: The stopping of sand mining in Gujarat is expected to dent the construction industry in a major way. Following National Green Tribunal's (NGT) order, builders in the state are expecting the cost of raw materials to hit the roof.

AHMEDABAD: If regulatory changes have been a cause of concern for the developers in the Gujarat real estate market, the political uncertainty prior to the general elections definitely threatens to prolong the slump in the realty market. Elections and real estate market have a symbiotic relationship where elections bring a kind of stasis that is unproductive.

AHMEDABAD: An exclusive thought leadership forum for architects was held in city on 'Intelligent Sustainability' on Wednesday. With urbanization on the rise there is a need to add a positive thrust to the nation's real estate market.

AHMEDABAD: Realty market is very sensitive in today’s scenario and any increase in borrowing cost will lead to consumer disappointment. However, we also understand that strict measures are required to curb the burning inflation and Rupee fall, but it is also equally important to keep other aspects of economy while taking strategic decisions. Although, looking at the strong fundamentals of the Indian economy and its robust growth, all these seem to be temporary.

GANDHINAGAR: The Gujarat Waqf Board has announced the implementation of the provisions of the newly-enacted central law, the ‘Waqf (amendment) Act-2013', in the state from November 1, 2013. Under the new act, no foreigner can be a Mutawalli (manager of waqf property) in India. Only an Indian citizen can serve as a Mutawalli in this country.